Skip to main content
A Singapore Government Agency Website How to identify
Official website links end with .gov.sg
Secure websites use HTTPS
Look for a lock () or https:// as an added precaution. Share sensitive information only on official, secure websites.
Welcome to the new ACRA corporate website.

1. View the tutorial (opens in new tab) for navigating the website.

2. [Advisory] Government officials will NEVER ask you to transfer money or disclose bank log-in details over a phone. Call the 24/7 ScamShield Helpline at 1799 if you are unsure if something is a scam.

Accounting and Corporate Regulatory Authority

Public Consultation on Proposed Legislative Amendments Relating to Digital Communications and Regulatory Enhancements

Audience

Businesses

Corporate service providers (CSPs)

Public

News Topic

Regulatory updates

Category

Press release

5 March 2024

This article has been migrated from an earlier version of the site and may display formatting inconsistencies.

The Ministry of Finance (MOF) and the Accounting and Corporate Regulatory Authority (ACRA) have proposed amendments to the Accounting and Corporate Regulatory Authority Act 2004 and the Companies Act 1967 to streamline Singapore’s corporate regulatory regime. Members of the public are invited to provide their feedback on the proposed amendments from 5 to 18 March 2024. 

2.       The key proposed amendments aim to: 

a.              Facilitate digital communications with businesses and other stakeholders by allowing statutory correspondences and notices to be sent to and accessed via a digital mailbox; and requiring business entities, position holders, shareholders and members to maintain updated email addresses with ACRA; 

b.              Improve filing convenience and data accuracy by empowering the Registrar to use information from specified government agencies to keep ACRA’s registers up to date; 

c.              Enhance the accuracy of the registers of directors by empowering the Registrar to reflect the disqualification status of individuals for all types of disqualifications under the CA; and 

d.              Streamline the financial reporting requirements for foreign companies. 

3.       The public can access the public consultation documents, including the draft ACRA (Registry and Regulatory Enhancements) Bill here and on the REACH consultation portal (opens in new tab). The public consultation documents are also available on the MOF website (opens in new tab). 

4.       Interested parties can submit their comments via FormSG (opens in new tab). 


Issued by:

Accounting and Corporate Regulatory Authority
Ministry of Finance
Singapore
5 March 2024